Option 1 states that there are 17 islands in Lakshadweep. This means that there are a total of 17 islands in the region.
Option 2 states that there are 27 islands in Lakshadweep. This contradicts the correct answer, which is option 3. Therefore, option 2 is incorrect.
Option 3 states that there are 36 islands in Lakshadweep. This matches with the correct answer, which is option 3. Therefore, option 3 is correct.
Option 4 states that there are 47 islands in Lakshadweep. This contradicts the correct answer, which is option 3. Therefore, option 4 is incorrect.
In conclusion, there are 36 islands in Lakshadweep, as stated in option 3.